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The "new Mexican Peso", or Nuevo Peso , usually written $ (sometimes N$), was introduced in 1993 and is made up of 100 centavos (¢, like a US cent) - it's the equivalent of 1000 old pesos. Bills come in denominations of $20, $50, $100, $200 and $500, with coins of 10¢, 20¢, 50¢, $1, $2, $5, $10 and $20. The use of the dollar symbol for the peso is occasionally confusing; the initials MN (moneda nacional) are occasionally used to indicate that it's Mexican, not American money that is being referred to.
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